"With continued uncertainty in global markets, today a 50-year market veteran told King World News that Western propaganda is accelerating, even as China is moving toward supreme global dominance. He also discussed what this will mean for key markets, including gold and silver.
John Embry: “Both gold and silver remained locked down in the paper markets in the short-term. However, the good news is that both are building larger and larger bases, which will lead to massive upside moves in the near-future….
“The reason it’s difficult to time the move is because the Western central banks and their cronies are increasingly desperate as economic, financial and geopolitical conditions continue to deteriorate. So they will pull out all the stops to extend the fantasy as long as possible. They will do this because the alternative is going to be beyond ugly. So that’s why the timing of this is problematic.
Continued Fed Propaganda
Meanwhile, I am fascinated by the the propaganda coming out of the Fed. One will come out and say that another round of QE may be necessary, then another one will say that the Fed action on rates will be data-dependent. Then another Fed governor will state that a rate hike is imminent.
I believe they are doing this because they have no concrete plan and are essentially using a form of moral suasion to keep the public content in the short-term. So they conduct their policy of ‘extend and pretend,’ hoping for a miracle even though it isn’t in the cards. This has created an extremely frustrating period for rational investors but the Fed will continue this for as long as they can, similar to the 1999 – 2000 time period, before the stock market crash..."
at http://kingworldnews.com/western-propaganda-gold-silver-and-chinas-move-toward-supreme-global-dominance/
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